Crown Land: Indicators and Statistics - Ministry of Forests
Crown Land: Indicators and Statistics - Ministry of Forests
Crown Land: Indicators and Statistics - Ministry of Forests
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3.8 Government Resource Revenue<br />
Why is this important?<br />
Provincial government revenue supports government<br />
operations, the delivery <strong>of</strong> important social services,<br />
regional economic development, environmental<br />
management, <strong>and</strong> a wide range <strong>of</strong> activities that are<br />
essential to public health <strong>and</strong> wellness. Government<br />
revenues from <strong>Crown</strong> resources contribute to<br />
overall provincial consolidated revenue. Examining<br />
the sources <strong>of</strong> resource revenues highlights the<br />
contributions made by different economic sectors to<br />
the funding <strong>of</strong> public services. Examining the sources<br />
<strong>of</strong> resource revenue also provides an indication <strong>of</strong> the<br />
health <strong>of</strong> provincial resource sectors.<br />
Many resource activities occur outside <strong>of</strong> the<br />
province’s main population centres. As shown<br />
in Section 3.3, regions vary in their resource<br />
dependence. Overall, BC is still a relatively<br />
<strong>Crown</strong> <strong>L<strong>and</strong></strong>:<br />
<strong>Indicators</strong> <strong>and</strong><br />
52 <strong>Statistics</strong> Report<br />
resource-dependent economy, <strong>and</strong> economic<br />
growth in the province tends to be correlated<br />
with dem<strong>and</strong> for natural resources. As a result, it<br />
is important to underst<strong>and</strong> the impacts <strong>of</strong> natural<br />
resource management on government revenue; <strong>and</strong><br />
the potential impacts <strong>of</strong> fluctuations in dem<strong>and</strong> for<br />
natural resources on government revenue.<br />
Key <strong>Statistics</strong><br />
Figure 11 Government Revenue, Annual Average, 2000/2001 to 2008/2009<br />
Source: Government <strong>of</strong> BC, Budget 2010, (see Additional Information for details).<br />
Government resource revenue in the 2008/2009<br />
fiscal year was approximately $3.8 billion, an increase<br />
<strong>of</strong> 1.9% over 2007/2008 (in 2009 dollars). From<br />
the 2000/2001 fiscal year to the 2008/2009 fiscal<br />
year, natural resource revenue has represented, on<br />
average, 13% <strong>of</strong> total annual government revenue<br />
(Figure 11). The primary source <strong>of</strong> revenue for the<br />
provincial government is taxation revenue.<br />
The contribution <strong>of</strong> different industries to provincial natural resource revenue has varied over time, as illustrated<br />
in Figure 12. The four most important sources <strong>of</strong> natural resource revenue are: forestry; petroleum <strong>and</strong> natural<br />
gas; water; <strong>and</strong> minerals.